Titan will raise prices up to 6%
Titan International Inc. will raise its Titan brand OTR, farm and construction tire prices up to 6% on March 1. The increase "will help offset rising raw material, energy and transportation costs," say Titan officials.
"As the economy begins to emerge from the global economic crisis, we have seen added pressure on input costs," notes Jeff Vasichek, Titan's vice president of sales and marketing.
"While we may see additional pricing pressure in the future, we continue to focus on customer needs in our markets."